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Bareilly: Century Pulp & Paper Mill, Asia’s leading paper manufacturer, is set to undergo a change in ownership. The factory was earlier under the Birla Group, but its acquisition was officially confirmed on March 31, 2025. However, it is important to note that it will take the new group about six months to completely take over.
There are about 1,380 permanent workers and 700 permanent employees working in the factory. According to the reports, the sale of the factory will not affect the employees. Additionally, around 3,000 daily wage workers and 8,000 to 10,000 people indirectly dependent on this industry will also remain unaffected.
Avneesh Tyagi, the president of the Century Paper Mill Workers’ Welfare Union, has said that the employees’ interests will not be impacted for now, as the existing three-year agreement is currently in effect.
To recall, there had been rumors about the sale of Century Pulp and Paper Mill. Finally, on the evening of March 31, 2025, these speculations came to an end when the Birla Group officially announced the sale of its major paper industry to the ITC Group.
However, the process of the factory takeover will be completed in two to three phases. At the same time, ITC Group’s stance on the Corporate Social Responsibility (CSR) fund policy being implemented at the local level by Century Pulp and Paper Mill will become clear in the coming time.
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